What’s Biconomy (BICO)? How can I buy it?
What is Biconomy?
Biconomy (token: BICO) is a multi-chain, transaction infrastructure protocol designed to make decentralized applications (dApps) simpler, faster, and more user-friendly. It focuses on reducing blockchain UX frictions—such as gas fees, complex transaction flows, and chain-switching—so developers can onboard users with Web2-like experiences. Biconomy provides SDKs and APIs that enable features like gasless transactions (meta-transactions), batched transactions, cross-chain relays, and account abstraction–based smart accounts.
At its core, Biconomy acts as a middleware layer between dApps, wallets, and underlying blockchains. It streamlines transaction composition, sponsorship, and routing, while maintaining security and decentralization assumptions compatible with leading EVM networks (e.g., Ethereum, Polygon, Arbitrum, Optimism) and other chains supported via its relayer network and account abstraction stack.
The native token, BICO, is typically used for network governance, staking to secure relayers, and incentivizing participants that operate critical infrastructure in the Biconomy ecosystem.
Note: Always refer to the official Biconomy documentation, GitHub, and audited reports for the latest, canonical details, as the protocol has evolved from a meta-transaction relay network into a broader account abstraction and intent execution layer.
How does Biconomy work? The tech that powers it
Biconomy integrates several core components to improve transaction UX and developer ergonomics:
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Meta-transactions and gas abstraction:
- Meta-transactions enable users to authorize actions off-chain (via signatures) that are then submitted on-chain by a relayer, often with gas fees sponsored by a dApp or paid in a token other than the native chain token.
- Biconomy’s relayer infrastructure validates user intent, packages transactions, and broadcasts them to the network. This allows dApps to offer “gasless” interactions or flexible gas payment methods.
- For developers, Biconomy exposes APIs/SDKs that handle signature formats (EIP-712), nonce management, and replay protection, abstracting away complex wallet logic.
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Account Abstraction (AA) and Smart Accounts:
- Leveraging EIP-4337-style account abstraction, Biconomy supports smart contract wallets (often called Smart Accounts) that separate user identity from EOAs (externally owned accounts) and enable programmable transaction logic.
- With AA, users can:
- Batch multiple actions into one transaction (e.g., approve + swap + stake).
- Pay gas in ERC-20 tokens or have a sponsor cover it.
- Set custom authentication (social login, passkeys) and recovery mechanisms.
- Bundlers and Paymasters:
- Bundlers package user operations (UserOps) for inclusion on-chain.
- Paymasters define who pays gas and under what conditions (sponsored, ERC-20 gas, subscription models). Biconomy provides Paymaster services that let developers configure gas policies programmatically.
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Relayer network and security:
- Biconomy operates a decentralized relayer infrastructure with staking and slashing mechanisms designed to align incentives and secure routing.
- Validators/relayers are incentivized with protocol rewards and fees, and staked BICO can be used to back reliable operation.
- Replay protection, signature domain separation, and rate limiting are used to mitigate abuse.
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Cross-chain and multi-chain support:
- Biconomy integrates with multiple EVM chains, providing chain-agnostic tooling for developers to deliver consistent UX across networks.
- Intent-based execution and possible cross-chain routing allow dApps to perform actions on the optimal chain for fees/liquidity without forcing users to manual chain-switch.
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Developer tooling and APIs:
- SDKs for web and mobile dApps that integrate Smart Accounts, gas sponsors, and batched transactions with minimal code changes.
- Dashboard/console to manage API keys, monitor relays, set Paymaster policies, and track costs.
- Compatibility with major wallets and auth providers (e.g., social login providers for embedded wallets), aiming to help dApps onboard non-crypto-native users.
The result is a stack that delegates the complexity of gas logistics, transaction composition, and cross-chain routing to an intent/relayer layer, while preserving user custody, auditability, and on-chain settlement guarantees.
What makes Biconomy unique?
- End-to-end UX focus via AA: While many projects offer relays or smart wallets, Biconomy combines Account Abstraction (EIP-4337), Paymasters, and Bundlers in a cohesive product suite with mature developer tooling to make Web2-like UX achievable in production.
- Gasless and token-agnostic payments: DApps can sponsor gas or enable gas in ERC-20 tokens, reducing the friction of acquiring native gas tokens—one of the main onboarding hurdles.
- Transaction batching and intent execution: Users can perform multi-step flows in a single click, improving conversion and reducing failure points. Developers can encode policies around who pays gas and when.
- Multi-chain coverage: A consistent experience across leading EVM networks simplifies go-to-market for dApps targeting multiple ecosystems.
- Enterprise-grade integration: SDKs, dashboards, analytics, and policy control make it easier for teams to monitor costs and risks while offering modern UX features.
These elements collectively position Biconomy not only as a meta-transaction relay but as a broader transaction UX and intent infrastructure layer for Web3.
Biconomy price history and value: A comprehensive overview
Note: Cryptocurrency markets are volatile. Always verify current data via reputable market data providers and the project’s official channels.
- Token: BICO (ERC-20)
- Launch and listing: BICO launched in late 2021, with listings on major centralized exchanges following shortly thereafter.
- Historical performance (high-level context):
- Initial listing period saw heightened volatility typical of new tokens.
- Like many Web3 infrastructure tokens, BICO’s price action has correlated with broader crypto market cycles: drawdowns during bear phases and recoveries alongside market uptrends.
- Key drivers historically include major network integrations (support for new chains), product launches (e.g., Smart Accounts, Paymaster features), partnership announcements, and broader narratives around Account Abstraction and user onboarding.
Because prices and market cap figures change frequently, consult trusted sources (e.g., CoinGecko, CoinMarketCap, Messari) for up-to-date charts, circulating supply, unlock schedules, and on-chain metrics. For deeper analysis, review:
- Token supply and emissions: vesting schedules, staking rewards, and treasury allocations.
- Liquidity conditions: exchange liquidity, on-chain liquidity depth, and market maker activity.
- Developer adoption metrics: SDK downloads, number of integrated dApps, monthly active users, relayed transactions, and gas sponsored—these can be strong indicators of real utility.
Is now a good time to invest in Biconomy?
This is not financial advice, but here are factors to consider:
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Thesis alignment:
- If you believe Account Abstraction, gasless UX, and intent-based transaction flows will be core to mainstream Web3 adoption, Biconomy is a direct play on that infrastructure narrative.
- Assess the competitive landscape (e.g., other AA wallets and infrastructure providers, native chain-level AA upgrades, alternative Paymaster/Bundler operators).
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Fundamentals and traction:
- Evaluate dApp integrations, enterprise partnerships, transaction volumes, active Smart Accounts, and growth in sponsored gas usage.
- Check the cadence of product releases, documentation quality, uptime, security posture, and audits.
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Token economics:
- Understand BICO’s utility: governance scope, staking mechanisms for relayers/bundlers, and value accrual (if any) from protocol usage.
- Review token supply, vesting, and potential sell pressure from unlocks. Consider staking yields versus dilution.
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Risk management:
- Smart contract and relayer risks, potential policy/regulatory changes affecting custody and wallets, and dependency on EIP-4337 ecosystem maturity.
- Market risks: crypto beta exposure, liquidity, and volatility. Use position sizing and stop-loss or time-based rebalancing according to your risk tolerance.
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Timing and technicals:
- If you use technical analysis, watch for liquidity zones, trend strength, and broader market conditions (Bitcoin/ETH trends often influence infra tokens).
- Consider dollar-cost averaging rather than lump-sum entries in volatile markets.
Before investing, read Biconomy’s documentation, token economics posts, governance forums, and third-party research (e.g., Messari profiles, independent audits). Diversification and a clear exit strategy are prudent.
Sources and further reading
- Biconomy official site and docs: product overviews, SDK guides, Paymaster/Bundler docs, Smart Accounts integration steps.
- EIP-4337 specification: background on Account Abstraction and UserOps.
- Security audits: review reports linked from Biconomy’s official resources and GitHub.
- Market data: CoinGecko, CoinMarketCap, Messari for token metrics and research.
- Developer ecosystem: GitHub repos, community forums, and case studies from dApps using Biconomy.
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